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Allied Capital Invests $14.5 Million in Anthony, Inc.

Allied Capital Corporation announced that it has provided $5.0 million in second lien debt and $9.5 million in subordinated debt to support the acquisition of Anthony, Inc. by Aurora Capital Group.

Anthony, Inc. is a leading U.S. manufacturer of commercial glass refrigerator and freezer doors and components.

"Anthony's position as an industry leader in its core markets, its reputation for quality and customer service, and its long-standing customer relationships provide the company significant competitive advantages," said Jeri Harman, Managing Director of Allied Capital. "We believe the company's market position, management team, and proprietary products and technologies should continue to result in good cash flow generation. Allied Capital is also pleased to have established a new relationship with Aurora Capital Group, a highly respected private equity firm based in California."

Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.